Bitcoin Price Watch: Here's What's On Tonight
In this morning's bitcoin price watch article, we highlighted the overnight action as a potential indication that we would see some extended volatility across today's European session. We outlined the levels we were going to focus on, and suggested a few risk management parameters. Action has now matured throughout the session, and as we head into tonight's Asian session and beyond, what are we looking at in the bitcoin price going forward, and where will we look to get in and out of the markets if price action affords us the opportunity? As ever, take a glance at the chart before we get....
Related News
Earlier this morning, we published the first of our two bitcoin price watch pieces highlighting the downside break we saw in the markets overnight, and suggesting that - in response to the bitcoin price returning to trade within our predefined range - we would maintain the levels we had previously slated as the ones to watch for today's European session. Action has now matured throughout the session, and has been relatively lackluster from a volatility perspective. With this said, and as we head into the Asian session, here's what we are looking at tonight. Take a quick look at the chart....
So this morning we published our twice daily bitcoin price watch piece, highlighting the levels that we would be looking at during Monday's European session. Action has now matured throughout the day, and as we head into a fresh Asian session this evening, what are the levels we are watching in tonight's bitcoin price market, and where will we look to get in and out according to our intraday strategy. Further, how did today's strategy fare? Did we manage to get into a trade, or has action kept us out of the markets? Let's take a look. First - have a glance at the chart below to get an idea....
Here's what we are going to watch for tonight's session in the bitcoin price. Before we get started on this evening’s analysis, there are two things worth pointing out from this morning’s publication. The first, that we remain well within the range we slated, which likely means that we’ve seen the end of last’s night’s decline, at least temporarily. Second, that we did get a brief correction, and we managed to pick out the reversal point almost to the cent. Bragging rights aside, why is this important? Well, it validates our upside key level (i.e. resistance) and suggests there’s probably....
In this morning's bitcoin price watch piece we highlighted the levels that we were keeping an eye on throughout today's European session. Action has now matured throughout the day and - at a time when global markets are breaking to the downside - there has been plenty of volatility in the bitcoin price. As we head into a fresh Asian session, what are the levels we are watching tonight, and where will we be looking to get in and out of the markets according to our intraday strategy if we get a repeat of European volatility? Take a quick look at the chart. As the chart shows, action today....
A little earlier on today, in our morning bitcoin price watch piece, we noted that the overarching momentum in the bitcoin price was to the downside, and that we would incorporate this into our intraday breakout strategy as we headed into a fresh week's trading today. Action has now matured, and we have seen a continuation of the trend, as expected. However, pre-decline, we got a little bit of upside momentum, and this put us in a long entry according to our predefined entry levels (outlined earlier here). Unfortunately, we were quickly taken out of the trade, as price reversed to trade....